Imtiaz Developments rings Nasdaq Dubai’s bell to mark AED50 million contribution to Fathers’ Endowment campaign

DUBAI, 17th March, 2025 (WAM) — Imtiaz Developments Developers rang the market opening bell to mark its support of the Fathers’ Endowment campaign, in the presence of Hamed Ali, CEO of Dubai Financial Market and Nasdaq Dubai, as well as representatives from the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), organisers of the campaign.

Coinciding with Ramadan, the campaign honours fathers in the UAE by establishing a sustainable endowment fund that provides treatment and healthcare for the less fortunate.

Imtiaz Developments had announced plans to develop an AED50 million endowment building in Dubai, in support of the campaign. Revenues from the endowment building will support the campaign and its goals of improving healthcare in underserved communities.

This includes developing hospitals, providing essential medical equipment and medications, expanding capacity, and upgrading operating rooms. These investments will create sustainable opportunities to enhance the quality of life for those in need.

Operating under the MBRGI, the Fathers’ Endowment campaign aims to honour fathers by allowing individuals to donate in their name.

The campaign seeks to reinforce values of honouring parents, compassion, and solidarity, while strengthening the UAE’s position as a leader in charitable and humanitarian work. It also promotes the noble values for which the UAE community is known, particularly generosity and a deep sense of global humanitarian solidarity, and further establishes the concept of charitable endowments.